NBE Licenses Debub Global as 15th Private Bank - National Bank

NBE Licenses Debub Global as 15th Private Bank

Debub Global is slated to become the fifteenth private bank to start operations after obtaining a license from the central bank on April 20,2012,and a trade permit from the Addis Ababa Trade Bureau 10 days afterwards.

The National Bank of Ethiopia was established in 1963 by proclamation 206 of 1963 and began operation in January 1964. Prior to this proclamation, the Bank used to carry out dual activities, i.e. commercial banking and central banking.

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